China Corners The Gold Market. US Pokes The Bear.
Let’s compare what China’s leadership has actually done to what America’s elite dreams it can get away with. Alasdair Macleod of Gold Money said China has cornered the gold market. Macleod said the total Money Supply of the 50 largest nations is $67 trillion. Outside the public banking system is the Shadow Banking System which academics recently estimated to be $100 trillion. The Shadow Banking System includes Hedge Funds, Special Investment Vehicles, Money Market funds and others. That is $167 trillion in paper promises used to construct a House of Cards.